LONDON (Reuters) - U.S. sportswear company Nike will not renew a long-running kit supply deal with English football club Manchester United because of the cost of a new contract, a source with knowledge of the negotiations said.
Nike has been supplying United's famous red shirts since 2002 but the current agreement expires next year. Its withdrawal is expected to clear the way for the club to sign a lucrative new deal with German sportswear company Adidas.
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